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Find the net present value of the investment

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Question - Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes):

Investment required in equipment $30,000 Annual cash inflows $6,000 Salvage value of equipment $0 Life of the investment 15 years Required rate of return 10%

The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.

Find the net present value of the investment?

A: $15,636

B: $24,000

C: $45,636

D: $60,000

Reference no: EM132603124

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